The Dinamo fund is characterized by investing in multiple asset classes (bonds, equities, commodities, real estate, etc.) and focuses on investors looking for the delicate balance between high returns and good strategies to protect capital in times of high volatility.
F&C Asset Management now in hands of Bank of Montreal fund unit
May 9, 2014 by
According to Latin Asset Management, F&C had USD 246 million in assets under management from Chilean institutional investors (mostly AFPs and mutual fund managers) at the end of March 2014.
TIAA-CREF buys Nuveen Investments for USD 6.25 billion
April 14, 2014 by
TIAA-CREF will add USD 221 billion in assets, bringing its funds under management to about USD 800 billion. Both TIAA-CREF and Nuveen have small positions in the Latin American institutional business, though Nuveen is a much more visible brand in wealth-management circles.
Santander said to scoop up BNP’s Miami-based wealth unit
April 2, 2014 by
In a move sure to further boltster its standing as a major player in the Latin American wealth-management segment, Banco Santander is said to have purchased the USD 3 billion Miami private-banking portfolio of BNP Paribas.
It’s official: CorpBanca and Itaú announce deal, enhancing Brazilian firm’s presence in Andean region
January 29, 2014 by
The transaction will create the newest Andean banking platform, and catapult Itaú into a region-wide force to be reckoned with throughout Latin America. As a result of the merger, the branch network will consist of 217 branches in Chile and 172 branches in Colombia, all using the Itaú brand name.
MetLife and Citi announce global distribution agreement in 15 markets through 2025
January 16, 2014 by
The agreement expands upon an existing distribution agreement between MetLife and Citi that will expire in 2015. The products will be available to Latin American clients in Argentina and Brazil.
Itaú-Corpbanca deal would raise Brazilian firm’s regional profile
January 13, 2014 by
Corp's positioning in Colombia is what adds a special interest for Itaú, given that opportunities for expansion in the region have been difficult to come by. Price tags for financial services assets in Mexico, for example, the second largest regional market after Brazil, are relatively high. In Chile, entities are smaller given the country's small size, but opportunities for deals are scarce.
